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Inventory-Pool Method
A technique in accounting used to group similar inventories together to simplify valuation and cost calculations.
Dollar-Value LIFO
A variation of the last in, first out (LIFO) method that measures and adjusts inventory layers in terms of dollar value rather than physical count.
Cost Index
A measure that tracks the change over time in the cost of a fixed basket of products and services, typically used for inflation adjustment or to adjust the value of a contract.
Year-End Cost
The total cost of goods, services, or assets as recorded in the financial statements at the end of a company's financial year.
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